Elon Musk avoided discussing the collapsed Twitter deal as he addressed an audience of moguls on Saturday in Sun Valley, two sources who attended the conference told Reuters.In a wide-reaching interview, Musk spent most of his time talking about colonizing Mars and extolling the virtues of boosting birth rates on Earth, said the sources. Musk, chief executive of $Tesla Motors(TSLA)$ Inc and rocket company Space X, has long advocated establishing a civilization on the red planet.Musk earlier this week said he will do his best to help what he called "the underpopulation crisis," following a media report that said he had twins with a top executive at his brain-chip start-up Neuralink.He spoke about how birth rates are declining in wealthy countr

$Grab Holdings(GRAB)$$SINGTEL(Z74.SI)$Grab-Singtel and $Sea Ltd(SE)$Sea Group consortia bag Malaysia digital bank licencesTWO Singapore-based consortia are among the 5 winners of Malaysia’s digital bank licences announced by Bank Negara Malaysia on Friday (Apr 29) – a consortium led by GXS Bank and Kuok Brothers, and another led by Sea Limited and YTL Digital Capital.GXS Bank is a Grab-Singtel joint venture, and the New York Stock Exchange-listed Sea Limited is the parent company of e-commerce platform Shopee. Both companies secured Singapore digital bank licences in 2020.Before Malaysia's central bank unveiled the winners, these two consortia were already regard

$SINGTEL(Z74.SI)$on May 30, announced that it has been appointed by $Micron Technology(MU)$Micron Technology to deploy its 5G millimetre wave (mmWave) solutions at the semicon manufacturer’s largest facility.The 5G mmWave solutions will be deployed at Micron’s 3D NAND flash memory fabrication plant in Singapore.The 5G deployment is a first in Singapore as well as for the semiconductor manufacturing sector.According to the telco, the customised solutions will be deployed at Micron’s cleanroom to support the development of a variety of digitally enabled and enhanced applications – from automated visual inspections of individual chips to augmented reality (AR) for operations and maintenance.“This industry-fi

$IFAST CORPORATION LTD.(AIY.SI)$iFAST chairman acquires more sharesOn Apr 27, iFAST Corporation chairman and CEO Lim Chung Chun acquired 60,000 shares of the company for a consideration of S$281,200.At an average price of S$4.69 per share, the acquisition took his total interest from 20.30 per cent to 20.32 per cent.His preceding acquisition of 50,000 shares at S$5.96 per share was on Feb 15.On Apr 23, the wealth management fintech platform reported its Q1 2022 results. The company reported that its net revenue declined 1.2 per cent year on year to S$28.15 million, as an 18.7 per cent year-on-year decline in non-recurring net revenue offset an 8.8 per cent year-on-year increase in recurring net revenue.The group’s assets under administration dec

$KEPPEL DC REIT(AJBU.SI)$ market is downtrend[Facepalm] times to buy and hold it[Cool] [Smile] [Happy] 

Following the very strong January jobs report, investors are now looking to the January Consumer Price Index report due out Tuesday for hints on how long the Federal Reserve will have to keep interest rates elevated in order to push inflation lower. Forecasts for the January CPI report suggest the run of good news on inflation could hit a pause, and some economists see an increasingly bumpy path ahead. The strong wage inflation and low unemployment rate seen in the latest jobs report is what’s complicating the picture, according to Stephen Juneau, economist at Bank of America Merrill Lynch. “In terms of inflation, we’ve seen meaningful improvement in past months—but we can’t bank on that continuing, especially with the job market in such strong shape.” Juneau also says that with the unempl

$Apple(AAPL)$2Q earnings beat the street’s estimates, but offered a not so rosy 3Q guidance, should investors be worried?In  2Q2022 release, we saw Apple CEO Tim Cook giving guidance for 3Q2022 that didn’t make Wall Street very happy.Cook revealed that supply chain constraints pertaining to COVID-driven plant shutdowns in the Shanghai area, along with industry component shortages, are expected to result in a substantial drag of US$4 billion to US$8 billion for fiscal 2022’s third quarter (3Q2022). Also, with mounting inflationary pressures, Apple’s gross margin forecast of 42-43% implies that there may be a year on year margin contraction compared to the 43.3% in 3Q2021.Investors of this blue-chip technology stock may wonder if this piece of

$SINGAPORE TECH ENGINEERING LTD(S63.SI)$Analysts from RHB Group Research and CGS-CIMB have maintained their “buy” and “add” calls and unchanged target prices on Singapore Technologies Engineering (ST Engineering), with RHB handing the stock a target price of $4.60 and CGS-CIMB putting their target price at $4.53.RHB analyst Shekar Jasiwal says ST Engineering’s recent share price correction is a “buying opportunity.” Based on his estimates, ST Engineering’s is now trading at 18.2x its FY2023 earnings per share (EPS), which is below the six-year average P/E of 19.8x.He is of the view that the current price correction was caused by lower than expected earnings for the 1HFY2022 ended June, as well as concerns around its growing debt levels in a risi

$SINGAPORE AIRLINES LTD(C6L.SI)$narrows losses significantly in FY2022 to $962.0 mil.Thanks to the reopening of the economy and the pent-up demand of travellers, $SINGAPORE AIRLINES LTD(C6L.SI)$is seeing some improvement in its earnings. Albeit still reporting a loss, SIA managed to narrow losses significantly in FY2022 ended March to $962.0 million from $4.27 billion in FY2021.This came on the back of a 100% growth in total revenue to $7.6 billion from $3.8 billion a year ago.During the period, SIA carried 3.9 million passengers in FY2022, up six-fold from a year before, while it ramped up passenger capacity (measured in available seat-kilometres) in a calibrated manner, growing from 24% of pre-Covid

It is an understatement to say that Mark Wee lives and breathes design. Before his photoshoot, Wee had spent the day at the recently-concluded Smart Cities Expo. He arrives on time for his appointment at the Singapore Design Centre, looking fresh and ready to face the camera and tell us more about his role as festival director for Singapore Design Week (SDW) from Sept 16–25.He begins by sharing a new vision along with exploring design through three defining festival pillars: Design Futures, Design Marketplace and Design Impact. Wee says: “The three festival pillars align with Singapore’s critical design strengths and values, allowing us to carve a distinctive and enduring niche for SDW.”Design Futures provides a glimpse into the design of the future and the future of design, through the le

Singapore real estate investment trusts (S-REITs) have had a tough time in 2022.With central banks increasing their interest rates to curb the high inflation rate, investors seem to be spooked that the higher interest rates could lead to lower distribution per units (DPUs) that they generally rely upon.We explore how Singapore REITs have performed thus far and what are some of the REITs with the highest distribution yields on the Singapore Exchange (SGX).How Singapore REITs Performed In 2022 Year-to-DateFirstly, we can look at how the iEdge S-REIT Leaders Index has performed in the 2022 year-to-date period to get a sense of how Singapore REITs, in general, have done unit price-wise. The iEdge S-REIT Leaders Index measures the performance of the most liquid REITs listed on the Singapore Exc